Global stock markets slump ahead of US debt deal vote


Source: livemint.com livemint.com

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Global stock markets slumped on Wednesday as US debt limit deal faced backlash from hardline Republican and on weakening Chinese economy. US stocks fell as investors awaited a crucial vote in Congress on debt deal. The S&P 500 lost 25.39 points, or 0.60%, at 4,180.13. The Dow Jones Industrial Average fell 131.88 points, or 0.4%, at 32,910.9. The Nasdaq Composite dropped 82.14 points, or 0.63%, at 12,935.29. The labor department reported that US job openings unexpectedly rose in April, pointing to persistent strength in a labor market that suggests pressure on both wages and inflation. The yield on the 10-year...